Jefferies Maintains 'Hold' on Manappuram Finance

Manappuram Finance is a company that gives loans, especially against gold.

Recently, they reported their financial results for the last quarter.

While their gold loan business did well, other loan types had problems.

This made their overall profit lower than expected.

A financial expert group called Jefferies looked at these results and decided to keep their advice as 'Hold', meaning they think the stock price might not go up much soon.

They set a target price for the stock at Rs 285, which is a bit lower than its current price.

The main reasons for this advice are that the company is earning less money from its loans and has to set aside more money for bad loans.

They also think that the company's other loan businesses are not doing well and need time to improve.